(Kitco News) - After a strong finish to last week gold has started this one down 0.41% trading at $1863/oz. Silver is also trading lower (-1.25%) at 21.60/oz. In the rest of the commodities complex, copper is 0.91% down and spot WTI has fallen 1.50%.
Equities struggled at the open following the U.S. CPI-induced fall last week. The Nikkei 225 was down 3.01% and the Shanghai Composite fell 1.12%. Futures in Europe are also indicating a negative cash open.
In FX markets, the biggest mover overnight was GBP/USD which fell 0.48%. In the crypto space, BTC/USD has broken the previous wave low on the daily chart to trade at $25,384.
News from the weekend and overnight:
The U.K. government is set to publish the legislation on the Northern Irelan protocol today.
China COVID - Beijing, is experiencing a "strongly explosive" COVID-19 outbreak.
U.S. President Biden to visit Saudi Arabia in July.
BoJ's Kuroda: Recent sharp fall in the yen is undesirable.
Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme market conditions".
U.K. April monthly GDP -0.3% vs +0.1% m/m expected.
Looking ahead to the rest of the session the only real highlight is a speech from ECB's de Guindos.
